Fort Baker Capital Management LP
In its 13F for Q1 2024 (holdings as of March 31, 2024, filed May 15, 2024), Fort Baker Capital Management LP reported 14 stock positions worth $235.8 million. Its top holding was Lions Gate Entertainment-B (LGF.B) at 20.7% of the portfolio, followed by United States Steel (X, 16.3%) and News Class A (NWSA, 15.5%). Compared with Q4 2023, it opened 4 new positions, sold out of 39, added to 4 and reduced 3. The biggest buy was Lions Gate Entertainment-B (LGF.B, shares +151%) and the biggest sale an exit from Splunk (SPLK).
- Most Recent 13F
- Q2 2026
- Location
- Larkspur, CA
- CIK
- 0001688382
- Portfolio Value
- $235.8M (Q1 2024)
- SEC Filing
- 0001688382-24-000011 ↗ filed May 15, 2024
Holdings Value
Holdings 14 stocks · $235.8M
| LGF.B Lions Gate Entertainment-B | 20.74% | 5,253,677 | $48.9M | Add +151.3% |
| X United States Steel Corp. | 16.29% | 941,935 | $38.4M | New |
| NWSA News Corp. Class A | 15.55% | 1,393,803 | $36.7M | Reduce -17.8% |
| CPRI Capri Holdings Ltd. | 14.51% | 755,389 | $34.2M | Add +50.7% |
| LBRDK Liberty Broadband-C | 9.99% | 411,424 | $23.5M | Add +844.2% |
| ANSS Ansys Inc. | 7.78% | 52,820 | $18.3M | New |
| OKLO Oklo Inc. filed as ALTC ACQUISITION CORP | 7.20% | 1,486,979 | $17.0M | Reduce -41.0% |
| PXD Pioneer Natural Resources Co. | 2.47% | 22,175 | $5.8M | Reduce -85.6% |
| EVBG Everbridge Inc. | 1.89% | 128,269 | $4.5M | New |
| ESHA Esh Acquisition Corp. Class A | 1.34% | 305,145 | $3.2M | No change |
| PARAA Paramount Global Class B | 1.15% | 230,351 | $2.7M | Add +27.7% |
| CNXX Conx Corp. Class A | 0.69% | 155,000 | $1.6M | No change |
| CORZ Core Scientific Inc. | 0.25% | 165,924 | $587K | New |
| HAYMAKER ACQUISITION CORP 4 | 0.14% | 32,337 | $339K | No change |
Options reported separately and not counted above: FUSN calls ($16.4M), CPRI puts ($16.3M), JNPR calls ($6.6M), VZIO calls ($3.9M).
Other holdings (56): bonds, preferreds, convertibles and warrants · $455.5M (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| INTERDIGITAL INC (IDCC 2 06/01/24) | NOTE 2.000% 6/0 · principal | 25,772,000 | $34.0M | New |
| TURNING POINT BRANDS INC (TPB 2.5 07/15/24) | NOTE 2.500% 7/1 · principal | 30,387,000 | $30.2M | New |
| SOUTHERN CO (SO 3.875 12/15/25) | NOTE 3.875%12/1 · principal | 26,887,000 | $27.1M | New |
| CABLE ONE INC (CABO 0 03/15/26) | NOTE 3/1 · principal | 30,750,000 | $26.9M | New |
| ENVESTNET INC (ENV 0.75 08/15/25) | 0.75 8/15/2025 · principal | 27,437,000 | $26.7M | New |
| KAMAN CORP (KAMN 3.25 05/01/24) | NOTE 3.250% 5/0 · principal | 22,229,000 | $22.5M | New |
| PEGASYSTEMS INC (PEGA 0.75 03/01/25) | NOTE 0.750% 3/0 · principal | 22,496,000 | $21.6M | New |
| DAYFORCE INC (DAY 0.25 03/15/26) | NOTE 0.250% 3/1 · principal | 23,000,000 | $21.1M | New |
| SHOPIFY INC (SHOPCN 0.125 11/01/25) | NOTE 0.125%11/0 · principal | 22,000,000 | $21.0M | New |
| MARRIOTT VACATION WORLDW (VAC 0 01/15/26) | NOTE 1/1 · principal | 22,000,000 | $20.9M | New |
| EZCORP INC (EZPW 2.375 05/01/25) | NOTE 2.375% 5/0 · principal | 20,538,000 | $20.5M | New |
| LIBERTY LATIN AMERICA (LILAK 2 07/15/24) | NOTE 2.000% 7/1 · principal | 20,126,000 | $19.9M | New |
| LUMENTUM HOLDINGS INC (LITE 0.5 12/15/26) | NOTE 0.500%12/1 · principal | 19,000,000 | $16.8M | New |
| AIR TRANSPORT SERVICES G (ATSG 1.125 10/15/24) | NOTE 1.125%10/1 · principal | 14,707,000 | $14.4M | New |
| EVENTBRITE INC (EB 5 12/01/25) | NOTE 5.000%12/0 · principal | 11,724,000 | $11.8M | New |
| LYFT INC (LYFT 1.5 05/15/25) | NOTE 1.500% 5/1 · principal | 12,000,000 | $11.8M | New |
| AIRBNB INC (ABNB 0 03/15/26) | NOTE 3/1 · principal | 12,500,000 | $11.7M | New |
| ITRON INC (ITRI 0 03/15/26) | NOTE 3/1 · principal | 11,133,000 | $11.2M | New |
| ZIFF DAVIS INC (ZD 1.75 11/01/26) | NOTE 1.750%11/0 · principal | 11,166,000 | $10.7M | New |
| VISHAY INTERTECHNOLOGY (VSH 2.25 06/15/25) | NOTE 2.250% 6/1 · principal | 9,264,000 | $9.2M | New |
| SOLAR EDGE TECHNOLOGIES (SEDG 0 09/15/25) | NOTE 9/1 · principal | 10,000,000 | $9.1M | New |
| CINEMARK HOLDINGS INC (CNK 4.5 08/15/25) | NOTE 4.500% 8/1 · principal | 5,971,000 | $8.3M | New |
| PACIRA BIOSCIENCES INC (PCRX 0.75 08/01/25) | NOTE 0.750% 8/0 · principal | 8,362,000 | $8.0M | New |
| AMERICAN AIRLINES GROUP (AAL 6.5 07/01/25) | NOTE 6.500% 7/0 · principal | 6,278,000 | $7.4M | New |
| RWT HOLDINGS INC (RWT 5.75 10/01/25) | NOTE 5.750%10/0 · principal | 7,000,000 | $7.0M | New |
| INFINERA CORP (INFN 2.125 09/01/24) | NOTE 2.125% 9/0 · principal | 5,353,000 | $5.3M | New |
| PENNYMAC CORP (PMT 5.5 11/01/24) | NOTE 5.500%11/0 · principal | 4,649,000 | $4.7M | New |
| VAIL RESORTS INC (MTN 0 01/01/26) | NOTE 1/0 · principal | 3,937,000 | $3.6M | New |
| PEBBLEBROOK HOTEL TRUST (PEB 1.75 12/15/26) | NOTE 1.750%12/1 · principal | 3,190,000 | $2.9M | New |
| NATIONAL VISION HOLDINGS (EYE 2.5 05/15/25) | NOTE 2.500% 5/1 · principal | 2,149,000 | $2.3M | New |
| IMTXW Immatics NV -CW | *W EXP 07/01/202 | 822,162 | $2.2M | Reduce -5.2% |
| RINGCENTRAL INC (RNG 0 03/01/25) | NOTE 3/0 · principal | 1,344,000 | $1.3M | New |
| RINGCENTRAL INC (RNG 0 03/15/26) | NOTE 3/1 · principal | 1,000,000 | $898K | New |
| CLBTW Cellebrite Di Ltd. -CW23 | *W EXP 99/99/999 | 238,105 | $512K | Reduce -73.0% |
| LSEAW Landsea Homes Corp.-CW23 | *W EXP 01/08/202 | 1,041,688 | $468K | Reduce -46.7% |
| ASTLW Algoma Steel Group Inc. -CW26 | *W EXP 10/19/202 | 253,368 | $347K | Reduce -31.7% |
| GCMGW GCM Grosvenor Inc. A -CW25 | *W EXP 11/17/202 | 641,408 | $308K | Reduce -58.5% |
| CVIIW Churchill Capital Vii -CW28 | *W EXP 02/29/202 | 713,503 | $228K | New |
| LVRWF Lavoro Ltd.-27 | *W EXP 02/27/202 | 414,661 | $214K | Reduce -4.7% |
| CNXXW Conx Corp. Class A -CW27 | *W EXP 10/30/202 | 645,564 | $129K | No change |
| ADVWW Advantage Solutions in-CW25 | *W EXP 10/28/202 | 804,066 | $105K | No change |
| RCKTW Rocket Pharmaceuticals in-27 | *W EXP 09/02/202 | 328,698 | $98K | No change |
| CXAIW Kins Tech Group Class A -CW25 | *W EXP 99/99/999 | 292,870 | $45K | No change |
| SOARW Volato Group Inc. - CW23 | *W EXP 12/04/202 | 272,885 | $41K | No change |
| QBTS.WS D-Wave Quantum Inc. -27 | *W EXP 08/05/202 | 132,216 | $32K | Reduce -0.8% |
| ARKOW Arko Corp. -CW25 | *W EXP 12/22/202 | 56,518 | $28K | Reduce -68.3% |
| ESHAR Esh Acquisition Corp. - Right | RIGHT 06/13/2028 | 305,145 | $25K | No change |
| SPWRW Sunpower Inc.-CW27 | *W EXP 07/31/202 | 484,655 | $25K | No change |
| IRIS ACQUISITION CORP | *W EXP 02/28/202 | 280,916 | $12K | No change |
| PRLHW Pearl Holdings Acq -CW23 | *W EXP 12/15/202 | 268,549 | $11K | No change |
| LCWWF Learn CW Investment A -CW28 | *W EXP 10/08/202 | 236,017 | $11K | No change |
| PARAW 7GC & Co. Holdings Class A -CW26 | *W EXP 12/14/202 | 225,278 | $8K | No change |
| BLEUACACIA LTD | *W EXP 10/30/202 | 291,719 | $7K | No change |
| NKGNW Graf Acquisition Corp.-CW28 | *W EXP 05/31/202 | 36,934 | $6K | No change |
| IVCPW Swiftmerge Acquisition -CW23 | *W EXP 12/13/202 | 55,646 | $3K | No change |
| SNAXW Stryve Food Inc.-CW24 | *W EXP 07/20/202 | 115,965 | $615 | Reduce -2.9% |
Total filed on the 13F, all lines: $691.3M.
Portfolio Sells Q4 2023 → Q1 2024
Portfolio Buys Q4 2023 → Q1 2024
| LGF.B Lions Gate Entertainment-B | Add +151.3% | 20.74% | +18.05 |
| X United States Steel Corp. | New | 16.29% | +16.29 |
| CPRI Capri Holdings Ltd. | Add +50.7% | 14.51% | +11.33 |
| LBRDK Liberty Broadband-C | Add +844.2% | 9.99% | +9.54 |
| ANSS Ansys Inc. | New | 7.78% | +7.78 |
| EVBG Everbridge Inc. | New | 1.89% | +1.89 |
| PARAA Paramount Global Class B | Add +27.7% | 1.15% | +0.82 |
| CORZ Core Scientific Inc. | New | 0.25% | +0.25 |
Options Activity Q4 2023 → Q1 2024
| SOVO Sovos Brands Inc. | call | Sold out | 1,136,100 | $25.0Mbefore exit |
| FUSN Fusion Pharmaceuticals Inc. | call | New | 768,100 | $16.4M |
| JNPR Juniper Networks Inc. | call | New | 179,000 | $6.6M |
| VZIO Vizio Holding Corp. Class A | call | New | 356,400 | $3.9M |
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
Notes & Other Activity Q4 2023 → Q1 2024
| INTERDIGITAL INC (IDCC 2 06/01/24) | NOTE 2.000% 6/0 · principal | New | 25,772,000 | $34.0M |
| TURNING POINT BRANDS INC (TPB 2.5 07/15/24) | NOTE 2.500% 7/1 · principal | New | 30,387,000 | $30.2M |
| SOUTHERN CO (SO 3.875 12/15/25) | NOTE 3.875%12/1 · principal | New | 26,887,000 | $27.1M |
| CABLE ONE INC (CABO 0 03/15/26) | NOTE 3/1 · principal | New | 30,750,000 | $26.9M |
| ENVESTNET INC (ENV 0.75 08/15/25) | 0.75 8/15/2025 · principal | New | 27,437,000 | $26.7M |
| KAMAN CORP (KAMN 3.25 05/01/24) | NOTE 3.250% 5/0 · principal | New | 22,229,000 | $22.5M |
| PEGASYSTEMS INC (PEGA 0.75 03/01/25) | NOTE 0.750% 3/0 · principal | New | 22,496,000 | $21.6M |
| DAYFORCE INC (DAY 0.25 03/15/26) | NOTE 0.250% 3/1 · principal | New | 23,000,000 | $21.1M |
| SHOPIFY INC (SHOPCN 0.125 11/01/25) | NOTE 0.125%11/0 · principal | New | 22,000,000 | $21.0M |
| MARRIOTT VACATION WORLDW (VAC 0 01/15/26) | NOTE 1/1 · principal | New | 22,000,000 | $20.9M |
| EZCORP INC (EZPW 2.375 05/01/25) | NOTE 2.375% 5/0 · principal | New | 20,538,000 | $20.5M |
| LIBERTY LATIN AMERICA (LILAK 2 07/15/24) | NOTE 2.000% 7/1 · principal | New | 20,126,000 | $19.9M |
| LUMENTUM HOLDINGS INC (LITE 0.5 12/15/26) | NOTE 0.500%12/1 · principal | New | 19,000,000 | $16.8M |
| AIR TRANSPORT SERVICES G (ATSG 1.125 10/15/24) | NOTE 1.125%10/1 · principal | New | 14,707,000 | $14.4M |
| EVENTBRITE INC (EB 5 12/01/25) | NOTE 5.000%12/0 · principal | New | 11,724,000 | $11.8M |
| LYFT INC (LYFT 1.5 05/15/25) | NOTE 1.500% 5/1 · principal | New | 12,000,000 | $11.8M |
| AIRBNB INC (ABNB 0 03/15/26) | NOTE 3/1 · principal | New | 12,500,000 | $11.7M |
| ITRON INC (ITRI 0 03/15/26) | NOTE 3/1 · principal | New | 11,133,000 | $11.2M |
| ZIFF DAVIS INC (ZD 1.75 11/01/26) | NOTE 1.750%11/0 · principal | New | 11,166,000 | $10.7M |
| VISHAY INTERTECHNOLOGY (VSH 2.25 06/15/25) | NOTE 2.250% 6/1 · principal | New | 9,264,000 | $9.2M |
| SOLAR EDGE TECHNOLOGIES (SEDG 0 09/15/25) | NOTE 9/1 · principal | New | 10,000,000 | $9.1M |
| CINEMARK HOLDINGS INC (CNK 4.5 08/15/25) | NOTE 4.500% 8/1 · principal | New | 5,971,000 | $8.3M |
| PACIRA BIOSCIENCES INC (PCRX 0.75 08/01/25) | NOTE 0.750% 8/0 · principal | New | 8,362,000 | $8.0M |
| AMERICAN AIRLINES GROUP (AAL 6.5 07/01/25) | NOTE 6.500% 7/0 · principal | New | 6,278,000 | $7.4M |
| RWT HOLDINGS INC (RWT 5.75 10/01/25) | NOTE 5.750%10/0 · principal | New | 7,000,000 | $7.0M |
| INFINERA CORP (INFN 2.125 09/01/24) | NOTE 2.125% 9/0 · principal | New | 5,353,000 | $5.3M |
| PENNYMAC CORP (PMT 5.5 11/01/24) | NOTE 5.500%11/0 · principal | New | 4,649,000 | $4.7M |
| VAIL RESORTS INC (MTN 0 01/01/26) | NOTE 1/0 · principal | New | 3,937,000 | $3.6M |
| PEBBLEBROOK HOTEL TRUST (PEB 1.75 12/15/26) | NOTE 1.750%12/1 · principal | New | 3,190,000 | $2.9M |
| NATIONAL VISION HOLDINGS (EYE 2.5 05/15/25) | NOTE 2.500% 5/1 · principal | New | 2,149,000 | $2.3M |
| IMTXW Immatics NV -CW | *W EXP 07/01/202 | Reduce -5.2% | 822,162 | $2.2M |
| RINGCENTRAL INC (RNG 0 03/01/25) | NOTE 3/0 · principal | New | 1,344,000 | $1.3M |
| RINGCENTRAL INC (RNG 0 03/15/26) | NOTE 3/1 · principal | New | 1,000,000 | $898K |
| CLBTW Cellebrite Di Ltd. -CW23 | *W EXP 99/99/999 | Reduce -73.0% | 238,105 | $512K |
| LSEAW Landsea Homes Corp.-CW23 | *W EXP 01/08/202 | Reduce -46.7% | 1,041,688 | $468K |
| ASTLW Algoma Steel Group Inc. -CW26 | *W EXP 10/19/202 | Reduce -31.7% | 253,368 | $347K |
| CTOSW Custom Truck One Source-CW25 | *W EXP 01/01/202 | Sold out | 4,686,160 | $328Kbefore exit |
| GCMGW GCM Grosvenor Inc. A -CW25 | *W EXP 11/17/202 | Reduce -58.5% | 641,408 | $308K |
| CVIIW Churchill Capital Vii -CW28 | *W EXP 02/29/202 | New | 713,503 | $228K |
| LVRWF Lavoro Ltd.-27 | *W EXP 02/27/202 | Reduce -4.7% | 414,661 | $214K |
| RNWWW Renew Energy Global -CW26 | *W EXP 08/21/202 | Sold out | 113,495 | $129Kbefore exit |
| RSVRW Reservoir Media-CW26 | *W EXP 08/26/202 | Sold out | 72,253 | $117Kbefore exit |
| CIFRW Cipher Mining Inc. | *W EXP 08/27/202 | Sold out | 48,296 | $84Kbefore exit |
| AVPTW Avepoint Inc.-CW24 | *W EXP 09/18/202 | Sold out | 55,121 | $72Kbefore exit |
| ROSS.WS Ross Acquisition Corp. -CW26 | *W EXP 02/01/202 | Sold out | 876,135 | $49Kbefore exit |
| JOBY.WS Joby Aviation Inc. -CW25 | *W EXP 08/10/202 | Sold out | 32,951 | $40Kbefore exit |
| QBTS.WS D-Wave Quantum Inc. -27 | *W EXP 08/05/202 | Reduce -0.8% | 132,216 | $32K |
| ARKOW Arko Corp. -CW25 | *W EXP 12/22/202 | Reduce -68.3% | 56,518 | $28K |
| WHOLE EARTH BRANDS INC | *W EXP 06/25/202 | Sold out | 280,189 | $22Kbefore exit |
| RCACW Revelstone Capital Acqu -28 | *W EXP 09/15/202 | Sold out | 263,271 | $11Kbefore exit |
Showing the first 50 of 54.
Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 60 | $1.0B | WBD, NSC, EA, AES, LBRDK |
| Q1 2026 | 60 | $952.7M | WBD, EA, AES, MASI, NSC |
| Q4 2025 | 63 | $727.2M | FYBR, CYBR, WBD, FTW, CWAN |
| Q3 2025 | 64 | $586.0M | CYBR, LBRDK, FYBR, FTW, TGNA |
| Q2 2025 | 60 | $569.4M | ARES ACQUISITION CORP II, SKX, FYBR, FTW, NWSA |
| Q1 2025 | 22 | $319.9M | ARES ACQUISITION CORP II, FYBR, NWSA, DNB, CCIX |
| Q4 2024 | 27 | $400.2M | K, FYBR, ESGR, CCIX, LBRDK |
| Q3 2024 | 19 | $233.3M | LBRDK, SMAR, CCIX, ESGR, K |
| Q2 2024 | 19 | $381.1M | HIBB, LGF.B, SBOW, X, LBRDK |
| Q1 2024 | 14 | $235.8M | LGF.B, X, NWSA, CPRI, LBRDK |